Source Protocol
Source Protocol is a public, permission-less blockchain network designed for global payments and Web3 applications. It provides infrastructure for enterprises, developers, and individuals to create applications, smart contracts, and tools for various purposes, including real-world asset tokenization and NFTs. SOURCE collaborates with enterprise businesses to develop blockchain solutions utilizing smart contracts, Inter-Blockchain Communication (IBC), and the Cosmos Ecosystem.
Ecosystem and Applications
Native Applications
Source Protocol is developing four native applications to establish its ecosystem:
-
SOURCEswap: A platform offering liquidity, asset swapping, and stablecoins. It supports tokenization and low-fee transactions with near-instant finality. Enterprises can white-label SOURCEswap to integrate its functionality into their Web3 applications.
-
SOURCEfi: Details on SOURCEfi will be provided as development progresses, focusing on financial services within the ecosystem.
-
SOURCEmarket: Information on SOURCEmarket will be shared later, with a focus on marketplace functionalities.
-
SourceWorld: A social hub and access point for Web3 games and experiences, SourceWorld aims to onboard various partners to create gamified experiences connecting virtual and real-world activities.
Governance
These applications are governed and powered by SOURCE blockchain network tokens. The SOURCE community can submit governance proposals for upgrades and feature implementations, ensuring community-driven development.
White Label Business Solutions
SOURCE offers white label solutions for enterprises, allowing them to integrate SOURCE’s applications into their Web3 business models. This approach enables businesses to enhance their functionality, accessibility, and security without managing their own blockchain infrastructure. SOURCE’s white label products leverage the Cosmos ecosystem, providing interoperability and additional features.
Leveraging IBC and Cosmos Ecosystem
Source Protocol benefits from the Inter-Blockchain Communication (IBC) protocol and the Cosmos Ecosystem, enabling interoperability across multiple blockchains. This feature allows Web3 applications to utilize the utilities of several blockchains rather than being confined to a single one. SOURCE collaborates with various partners like Planq, Akash, Osmosis, and Secret Network to expand its capabilities and provide robust business solutions.
Economic Model and Zero Point Energy Comparison
The economic model of the SOURCE blockchain draws a conceptual comparison with Zero Point Energy (ZPE), a theoretical concept introduced by Nikola Tesla. The metaphorical comparison highlights how SOURCE aims to create a sustainable and value-backed ecosystem through Web3 applications, automated systems, and strong revenue-generating fundamentals. SOURCE envisions creating a system that parallels ZPE’s principles of cycles, frequency, transferability, validation, and sustainability.
Play-to-Earn and DeFi Integration in Gaming
SOURCE aims to revolutionize gaming through decentralized finance (DeFi) and Web3 technology. Players can earn real-world value through in-game activities, and liquidity unlocked through SOURCEswap allows for staking tokens while retaining usability. SOURCE introduces innovative financial strategies such as collateralized P2P loans, enabling players to leverage their in-game assets for real-world benefits. This integration fosters a community-driven metaverse, empowering players and creating a collaborative ecosystem.
Source Protocol is a dynamic project with ongoing developments. As with any Wiki, readers are encouraged to contribute to and update this page to maintain its accuracy and relevance as time goes on, using the pencil ✏️ icon in the top right!
